Me jimcramer. You have a pessimist you have the camp that believes the latest covid outbreak is no big deal because the mortality rate is lower and then the super pessimist that say spiking cases mean no sports, no going out and millions of job losses these four camps, i have to tell you, they are going to they are at war every single day. Including this one, the dow gained 557 points, s p advanced 1. 34 and nasdaq inched up 4. 9 one can win because there is so much money going into stocks the recovery plays dont go up as Fund Managers need to sell one group to swap into another and thats why the dow stocks did much better than the s p that did better than the one scorching nasdaq this is highly unusual but it makes sense if you think out market in terms of competing camps. So who is winning . Or who won today i like to use the sore thumb index as in which stocks stuck out like a sore thumb today . Let me give you todays examples first tell is mccormick. The big spice maker roared to a
487. In part because of a big move in the dow in boeing as it gets ready to test that 737 max for recertification. The s p and nasdaq is higher but by lesser percentage gains theres 10 million global cases of coronavirus half a million deaths. The daily case count here in the u. S. Hitting a record high over the weekend. Well have more on that. Facebook, a big laggard today. Down 10 in the past week as big advertisers, its up today as big advertisers pull millions of dollars from the social media platform power hundred lunch starts righw thanks the the dow and s p jumping back into positive territory for june and on track for the third month in a row of gains now. Lets head to dom for more on these markets. We need a few more hundred points to get back what we did lose on trading. Dow industrials 25,505 is right know hovering near the highs of the day the s p 500 a relative laggard thats whats driving the dow today. Check out whats happening large caps versus small cap stocks we talked
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